Union Jack Oil (LON:UJO) Share Price Passes Above 50-Day Moving Average – Here’s Why

Union Jack Oil plc (LON:UJO)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 3.41 and traded as high as GBX 3.60. Union Jack Oil shares last traded at GBX 3.40, with a volume of 2,716,561 shares.

Union Jack Oil Trading Up 0.1%

The company has a 50 day moving average of GBX 3.41 and a 200-day moving average of GBX 3.49. The firm has a market capitalization of £4.99 million, a P/E ratio of -5.67, a P/E/G ratio of 0.21 and a beta of 0.60.

Union Jack Oil Company Profile

Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the Wilzetta, West Newton, Wressle Discovery, Broughton North, Biscathorpe, Keddington Oilfield Louth, North Somercotes, Fiskerton Oilfield, North Kelsey, Dukes Wood, Kirklington, Widmerpool Gulf, Laughton, and Humber Basin projects. The company was incorporated in 2011 and is based in Bath, the United Kingdom.